Call me to discuss which option makes the most sense for you. Greg Rank (317) 603-0912
Debt Service Coverage Ratio (DSCR) loan program
OUR DSCR LOANS ALLOW BORROWERS TO FINANCE UP TO 20 PROPERTIES
BY USING EACH PROPERTY’S MONTHLY RENTAL INCOME TO QUALIFY
Introducing Investor Flex, our exclusive Debt Service Coverage Ratio (DSCR) loan program crafted for real estate investors. Qualifying for these loans relies on the prospective rental income of the property, not the borrower’s income. We empower investors by offering four distinct loan options for purchases and refinances and facilitating closures in the name of the investor or the name of their LLC.
Realtors can play a pivotal role in helping their clients expand and elevate their real estate portfolios with loan options available reaching up to $2M. For long-term real estate investors seeking optimal pricing, the opportunity to enhance savings arises by opting for a 1-, 2-, or 3-year pre-payment penalty. By refraining from paying off or selling the property within the agreed-upon pre-payment period, investors unlock savings that can be strategically utilized elsewhere.
CONVENTIONAL LOANS – With Full Documentation
Minimum 620 FICO Score
For 1-Unit Purchase and Rate/Term Refinances 85% LTV
For 2-4 Unit Purchase and Rate/Term Refinances 75% LTV
For 1-Unit Cash Out Refinances 75% LTV
For 2-4 Unit Cash Out Refinances 70% LTV
Manufactured Homes are not permitted on Investment Properties
The maximum number of multiple financed properties is ten when the subject is an investment or second home. When the borrower owns 7-10 financed properties, the minimum FICO score is 720. Fannie Mae & Freddie Mac require reserves as follows:
2 months PITI(a) for each financed property other than the primary residence when the borrower owns between 1-6 financed properties, or
8 months PITI(a) for each financed property other than the primary residence when the borrower owns between 7-10 financed properties.
BANK STATEMENT LOANS
A FLEXIBLE LOAN OPTION FOR SELF-EMPLOYED BORROWERS
For self-employed borrowers, it can be difficult to show enough income to qualify for a mortgage. It can also be a hassle to gather the necessary income docs needed to apply.
That’s why we offer 4 different Bank Statement loan options. We’ll help you find the right option based on your personal or business bank statements instead of using tax returns, pay stubs or W2s.
Our Bank Statement products offer loan options up to 90% LTV on loan amounts up to $3.5M without requiring MI, allowing you to keep your monthly payments lower.
